Land Securities Group (LON:LAND) Receives Hold Rating from Liberum Capital

Liberum Capital reissued their hold rating on shares of Land Securities Group (LON:LAND) in a report published on Tuesday, Digital Look reports. Liberum Capital currently has a GBX 950 ($12.41) price target on the stock.

LAND has been the subject of several other reports. Peel Hunt reiterated a hold rating on shares of Land Securities Group in a research report on Tuesday, November 5th. UBS Group reissued a buy rating on shares of Land Securities Group in a report on Tuesday, November 5th. Citigroup reissued a sell rating and issued a GBX 739 ($9.66) price objective on shares of Land Securities Group in a report on Thursday, November 7th. Morgan Stanley dropped their price objective on Land Securities Group from GBX 950 ($12.41) to GBX 840 ($10.98) and set an equal weight rating on the stock in a report on Monday, September 2nd. Finally, Goldman Sachs Group raised their price objective on Land Securities Group from GBX 761 ($9.94) to GBX 784 ($10.24) and gave the company a neutral rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Land Securities Group currently has a consensus rating of Hold and an average target price of GBX 914 ($11.94).

LAND stock traded up GBX 13.80 ($0.18) during trading on Tuesday, hitting GBX 913.80 ($11.94). 2,261,922 shares of the company traded hands, compared to its average volume of 2,210,000. The stock’s 50-day simple moving average is GBX 899.44 and its 200 day simple moving average is GBX 851.31. The company has a debt-to-equity ratio of 39.62, a current ratio of 0.41 and a quick ratio of 0.35. The company has a market cap of $6.68 billion and a PE ratio of -21.97. Land Securities Group has a 1 year low of GBX 473.27 ($6.18) and a 1 year high of GBX 983.20 ($12.85).

The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 28th will be issued a GBX 11.60 ($0.15) dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 28th. Land Securities Group’s payout ratio is currently -1.11%.

In other Land Securities Group news, insider Robert Noel sold 15,616 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of GBX 749 ($9.79), for a total value of £116,963.84 ($152,833.97).

About Land Securities Group

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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